Underlying this simple concept we find a very complex process that requires the same level of technology investment used to automate core processes in every other department of an insurance company.

When insurance carriers rely on reinsurance they are putting part of their surplus at risk. The correct management of reinsurance will definitely lower risk and improve financial results.

There is a huge opportunity for insurance carriers to benefit from an integrated reinsurance solution covering the design of the reinsurance contracts and the management of premiums, commissions, claims and payments between the carrier, reinsurance brokers and reinsurance companies.

SISTRAN designed and developed Total RE as part of its SISE suite of products having in mind the specific needs of the reinsurance department as well as the necessity of integration with other departments and systems within the insurance company.

Total RE is an integrated reinsurance solution with functionality across all processes. At the same time it communicates with existing core systems and databases (PAS, Claims, Finance and Accounting).

Total RE is available for any line of business including Life, P&C, Marine, Financial, and Engineering among others. It manages the complete reinsurance cycle for proportional and non proportional treaties between insurance carriers, brokers and/or reinsurers.

Typical functions included in Total RE are:
	Contract Administration
		Parties Terms Rules Coverages
	Business direct submission and/or through brokers Policy endorsements, cancellation and renewals Cession Claims Risk accumulation Current accounts Portfolio transfer Reports Multicurrency

Existing reports comment about the discovery of valid, but un-submitted reinsurance claims which came to light during implementations of integrated reinsurance solutions. The amounts ranged from US$1 million to more than US$10 million.

Please contact us to learn more about how we can help you to improve your reinsurance management capabilities and achieve financial benefit from the use of Total RE.